He went with a competitor based solely on their lower price.

Not sure how they would respond to a possible competitor offering to buy their homes up.

I'd say know your market and your competitors really well.

They will surely know competitors in the syndication space.

Don't rely solely on AirDna....do your own research by looking at what your competitors are doing.

Make people want to choose your place over your competitors. 

They did pay for their buildout, and presumably chose the space because it is directly across the street from a competitor. 

Too many entrenched interests in major cities to count; tourism and hotel lobby will run any competitor out of town.

Finding a deal and closing a deal are two different things—making sure you can move fast and execute a close (and beat out potential competitors) is a prerequisite to a successful BRRRR (if someone else is able to purchase the property, your BRRRR investment is dead).Many BRRRR method investors make property purchases in cash, whether due to not being aware of other options (using a hard money loan) or thinking it’s better financially.

It may be a way to differentiate you from your competitors.